April 24, 2009 - 6:08am
The British pound showed mixed trading against its major counterparts during early European deals on Friday.
Thus sterling declined to a 17-day low of 1.6756 at 3:25 am against its European counterpart, extending Asian session downtrend. GBP/EUR pair closed Thursday's North American deals at the level of 1.6943. On the downside, the pair was likely to touch 1.6555.
Pound also remained down against the Swiss franc. At about 4:25 am ET GBP/CHF pair was worth 1.6728.
On the other hand, pound, that was trading down against US dollar and Japanese yen during early Asian session, reversed the direction during early European deals. Thereby by 4:25 am ET on Friday sterling climbed to the highs of 1.4670 and 142.45 versus dollar and yen, respectively.
Thus sterling declined to a 17-day low of 1.6756 at 3:25 am against its European counterpart, extending Asian session downtrend. GBP/EUR pair closed Thursday's North American deals at the level of 1.6943. On the downside, the pair was likely to touch 1.6555.
Pound also remained down against the Swiss franc. At about 4:25 am ET GBP/CHF pair was worth 1.6728.
On the other hand, pound, that was trading down against US dollar and Japanese yen during early Asian session, reversed the direction during early European deals. Thereby by 4:25 am ET on Friday sterling climbed to the highs of 1.4670 and 142.45 versus dollar and yen, respectively.